Note buying question

[Dale Thomas]

Hello BP! 

I have a question about note buying for the BP community.  I have an investor friend who is looking to liquidate one long term note out of his portfolio.  He's had trouble getting payments on time from the customer and it otherwise does not fit within his current investment strategy. I would like to make him a cash out offer but I'm unsure what is typical when buying notes. Any note buyers have insight for a notes newbie? 

Thank you, 

Dale